SleuthinNC
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OT///N&O news this afternoon is that Cisco is cutting/slashing many jobs. Hope none of our WB folks will be involved in this.
Cisco Systems announced a major restructuring today that is sure to send shudders through the company's facility in Research Triangle Park and other sites worldwide. The computer networking giant said this morning it is planning to cut 550 positions throughout the company in the fourth quarter of this year.
Primarily in the consumer product space. Things like Flip, Umi, etc. I always hate to see job loss. The restructring is a smart move by the company. Hopefully those folks will be re-purposed.